My research focuses on monetary policy and macroeconomics, in particular models of price stickiness and their implications for monetary policy.
Alexander Wolman is vice president for monetary and macroeconomic research in the Richmond Fed's Research Department. He has published articles in several economics journals, including the Quarterly Journal of Economics and the Review of Economic Studies. He joined the Richmond Fed as an economist in 1996.
Ph.D., University of Virginia, 1996
M.A., University of Virginia, 1993
"Discussion of 'Inflation Targeting: A Victim of Its Own Success.'" International Journal of Central Banking 11, no. S1 (September 2015): 289-293.
"Large Excess Reserves in the U.S.: A View from the Cross-Section of Banks" (with Huberto M. Ennis). International Journal of Central Banking 11, no. 1 (January 2015): 251-289.
"The Optimal Rate of Inflation with Trending Relative Prices." Journal of Money, Credit, and Banking 43, no. 2-3 (March-April 2011): 355-384.
“Fiscal Policy and Regional Inflation in a Currency Union” (with Margarida Duarte). Journal of International Economics 74, no. 2 (March 2008): 384-401.
“Steady State Equilibrium with State-Dependent Pricing” (with A. Andrew John). Journal of Monetary Economics 55, no. 1 (March 2008): 383-405.
“The Frequency and Costs of Individual Price Adjustment.” Managerial & Decision Economics 28, no. 6 (September 2007): 531-552.
“Comment on ‘Reconsidering the Natural Rate Hypothesis in a New Keynesian Framework,’ by Andrew Levin and Tack Yun.” Journal of Monetary Economics 54, no. 5 (July 2007), 1366-1371.
“The Zero Bound and the Term Structure in a Nonlinear Economic Model.” Seoul Journal of Economics 19, no. 1 (Spring 2006): 147-170.
“Real Implications of the Zero Bound on Nominal Interest Rates.” Journal of Money, Credit & Banking 37, no. 2 (April 2005): 273-296.
“Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria” (with Robert G. King). Quarterly Journal of Economics 119, no. 4 (November 2004): 1513-1553.
“Optimal Monetary Policy” (with Aubhik Khan and Robert G. King). Review of Economic Studies 70, no. 245 (October 2003): 825-860.
“State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output” (with Michael Dotsey and Robert G. King). Quarterly Journal of Economics 114, no. 2 (May 1999): 655-690.
“Inflation Targeting in a St. Louis Model of the 21st Century” (with Robert G. King). Federal Reserve Bank of St. Louis Review, 78, no. 3 (May/June 1996): 83-107.
"What Should the Monetary Authority Do When Prices Are Sticky?" (with Robert G. King). In Monetary Policy Rules, edited by John B. Taylor, 349-398. University of Chicago Press, 1999.
Computer programs for "Monetary Policy and Global Equilibria in a Production Economy" (with Tim Hursey). Federal Reserve Bank of Richmond Economic Quarterly 96, no. 4 (Fourth Quarter 2010): 317-337.
"The Calvo Model without Local Approximation" (with Andreas Hornstein). Unpublished manuscript, April 2007.
"Synchronization and Staggering in a Model of State-Dependent Pricing" (with A. Andrew John). Unpublished manuscript, June 2005.
"The Optimal Rate of Inflation with Trending Relative Prices." Unpublished manuscript, May 2005.
"Heterogeneous Frequency of Price Adjustment" (with A. Andrew John). Unpublished manuscript, September 2003.
Alexander L. Wolman